## Company Profile Penske Logistics (Netherlands / Rohlig-Penske network) — category: freight_forwarder. Operates as an integrated logistics provider with global forwarding, contract logistics, warehousing/distribution and customs services. In the Netherlands the business sits in the Rohlig‑Penske / Penske network serving North‑West European import/export flows via Rotterdam/Amsterdam and inland corridors. Typical customers include food & agri traders, feed compounders, industrial manufacturers and retailers that need multimodal ocean/road/rail forwarding plus warehousing and value‑added services (traceability, customs clearance). Scale: part of an international logistics group with regional European operations and corporate forwarding/3PL capabilities (network presence and enterprise customers). ## Pain Points 1) Imminent EUDR compliance burden for Dutch importers: Penske’s agri and food clients will face new obligations (plot‑level geolocation, TRACES due‑diligence statements from 30 Dec 2026) and may look to their forwarders for help sourcing compliant suppliers, collecting geolocation data and managing paperwork — a capability gap for many forwarding operations. 2) Black Sea rerouting adds cost, congestion and compliance complexity: Rerouted Ukrainian grain/oilseed flows increase inland transhipment, variable lead times and elevated logistics premiums into the Netherlands — clients will demand faster sourcing alternatives, verified origin data and clearer landed‑cost comparisons. 3) Margin pressure and need for differentiated services in 2026: As global container capacity expands and base rates soften, forwarders face margin compression and must add services (sourcing intelligence, compliance and verified supplier discovery) to retain and grow customer relationships. Tridge Ark can be positioned as a non‑capital, low‑risk channel to originate importer/exporter clients who need those services. ## Intel Summary === MULTI-DIMENSION RESEARCH === === 1. MARKET EVENTS === EU grain & oilseed trade shifts, Black Sea rerouting, and impacts on Dutch importers **Black Sea grain rerouting & “Solidarity Lanes”** - Since Russia’s invasion of Ukraine in 2022 and repeated disruptions of the Black Sea Grain Initiative, Ukraine’s grain and oilseed exports to the EU have been increasingly rerouted via: - Danube river ports (Reni, Izmail), Constanța (Romania), and other Black Sea/Eastern Mediterranean ports. - Rail and road through Poland, Slovakia, Hungary and Romania under the EU‑Ukraine “Solidarity Lanes” initiative. ([transport.ec.europa.eu](https://transport.ec.europa.eu/news-events/news/solidarity-lanes-latest-figures-may-2025-2025-06-24_en?utm_source=openai)) - As of the latest Commission update (June 24, 2025), the Solidarity Lanes continued to handle **tens of millions of tonnes** of Ukrainian exports cumulatively (grain, oilseeds, metals, etc.), with grain volumes remaining a core component, even as Ukraine developed a new unilateral Black Sea export corridor in 2023–2024. ([transport.ec.europa.eu](https://transport.ec.europa.eu/news-events/news/solidarity-lanes-latest-figures-may-2025-2025-06-24_en?utm_source=openai)) **Shifts in EU grain & oilseed import structure (directional signals)** (Granular 2025/26 customs data by commodity and by member state for the Netherlands are just starting to be reported; the recent public material is mainly EU‑level and qualitative. Figures below are directional, based on EU‑wide trends.) - **Increased dependence on Ukraine for coarse grains and oilseeds** - EU imports of Ukrainian maize, wheat and sunflower products surged after 2022, displacing some Black Sea and South American origins. Ukraine remained among the **top external suppliers of maize and sunflower oil/meal to the EU** in 2023–24, and this pattern is reported as continuing into the 2024/25 marketing year despite route changes. ([transport.ec.europa.eu](https://transport.ec.europa.eu/news-events/news/solidarity-lanes-latest-figures-may-2025-2025-06-24_en?utm_source=openai)) - **Ongoing rebalancing away from Russia** - Parallel EU policy to reduce dependence on Russian energy and raw materials (including discussions on phasing out Russian oil and gas) has reinforced a broader shift away from Russian-origin commodities, including grains and oilseeds where alternatives are available. ([en.wikipedia.org](https://en.wikipedia.org/wiki/European_Parliament_resolution_of_17_December_2025_on_phasing_out_Russian_natural_gas_imports?utm_source=openai)) **Impacts specific to the Netherlands as an import hub** - **Logistics repositioning in North‑West Europe** - Dutch ports (Rotterdam, Amsterdam) function as key gateways for Ukrainian grain and oilseeds into Northwest Europe. Market and policy commentary since 2024 notes: - Higher share of **river/short‑sea shipments arriving via Constanța and other EU ports**, then transhipped to the Netherlands, rather than direct Black Sea to Rotterdam/Amsterdam calls. - Increased rail/road routings from Central/Eastern Europe into the Netherlands for maize, feed wheat, and sunflower meal originally exported from Ukraine via Solidarity Lanes. ([transport.ec.europa.eu](https://transport.ec.europa.eu/news-events/news/solidarity-lanes-latest-figures-may-2025-2025-06-24_en?utm_source=openai)) - **Cost and risk structure for Dutch importers/feed compounders** - Rerouting adds **transhipment and inland transport costs**, plus higher exposure to congestion on Danube and Central European corridors; this is reported by EU and industry commentary as keeping **basis levels for Ukrainian-origin grain into Northwest Europe elevated** relative to pre‑war Black Sea CIF values (no precise recent Rotterdam basis quotes were published in the last 90 days, but the direction—“higher logistics premiums” vs pre‑2022—is consistent across sources). ([transport.ec.europa.eu](https://transport.ec.europa.eu/news-events/news/solidarity-lanes-latest-figures-may-2025-2025-06-24_en?utm_source=openai)) - **Quality and compliance differentiation** - With the EUDR and other sustainability regulations (see Dimension 3), Dutch importers increasingly differentiate Ukrainian lots by **traceability, land‑use compliance and sanctions‑risk** (for example, avoiding grain potentially originating from Russian‑occupied territories or mixed via Crimean ports). Investigations in 2024–25 show EU‑destined rapeseed oil and other products moving via Belarus and Russia, heightening due‑diligence scrutiny by Western European traders. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Russian_theft_of_Ukrainian_grain?utm_source=openai)) **Forward‑looking 2026 market signals** - **Continued structural role of Ukraine in EU feed grain/oilseed balance** - Despite security risks, EU policy messaging around the Solidarity Lanes suggests **continued support and capacity upgrades into 2026**, implying that Dutch importers will remain tied into Danube/rail‑based flows for Ukrainian grain and oilseeds, alongside any partial recovery of direct Black Sea routes. ([transport.ec.europa.eu](https://transport.ec.europa.eu/news-events/news/solidarity-lanes-latest-figures-may-2025-2025-06-24_en?utm_source=openai)) - **Increased competition from non‑EUDR‑constrained markets** - From 2026 onward, stricter EU sustainability and deforestation rules (EUDR and related regimes) are expected to raise compliance costs for imports of soy and other high‑risk commodities (see Dimension 3). This may divert some volumes to non‑EU markets, tightening compliant supply for Dutch crushers, feed makers and trading houses, and potentially **raising import premiums** on fully traceable, compliant supplies. ([grantthornton.nl](https://www.grantthornton.nl/en/insights-en/tax/changes-in-the-eu-deforestation-regulation-2026-food-for-thought/?utm_source=openai)) **Section 1 sources:** ([transport.ec.europa.eu](https://transport.ec.europa.eu/news-events/news/solidarity-lanes-latest-figures-may-2025-2025-06-24_en?utm_source=openai)) === 2. TIMING SIGNALS === Europe freight market 2026 – container rates, capacity in North Europe & Mediterranean; freight‐forwarder challenges **Fleet growth and macro container‑market outlook for 2026** - Recent liner/shipping earnings guidance (Q4 2025) indicates: - **Global container‑ship fleet capacity is projected to expand ~4.5% in 2026 and ~6.4% in 2027**, materially above expected container volume growth. - This oversupply is expected to drive **“materially weaker market conditions” and rate pressure** versus 2025, especially after the exceptional tightness seen in some trades in 2024–25. ([live.euronext.com](https://live.euronext.com/sites/default/files/company_press_releases/attachments/2026/02/26/cpr01_notified_Q4_2025_Earnings_release_ENG%201.pdf?utm_source=openai)) - Freight analysts warn of a “mini over‑capacity cycle” as the large orderbook delivers in 2026–27, with particular exposure on **Asia–Europe and secondary trades** (including intra‑Med and feeder services into North Europe hubs). ([live.euronext.com](https://live.euronext.com/sites/default/files/company_press_releases/attachments/2026/02/26/cpr01_notified_Q4_2025_Earnings_release_ENG%201.pdf?utm_source=openai)) **North Europe & Mediterranean lanes – rate and capacity signals into 2026** (Open, lane‑specific spot indices for 2026 are still forecast‑oriented; recent commentary provides directional timing signals rather than firm forward rates.) - **Asia – North Europe (including to/from Rotterdam/Antwerp)** - 2025–early 2026 commentary from carriers and analysts suggests: - Rates are expected to **soften from 2025 peaks** as additional capacity is delivered and as some geopolitical disruption (e.g., Suez diversions) is progressively priced in or rerouted. - However, lingering disruptions (Red Sea risks, port congestion, labour actions) may periodically tighten space and cause **short‑term spikes**, making the underlying downward trend “bumpy” rather than linear. ([live.euronext.com](https://live.euronext.com/sites/default/files/company_press_releases/attachments/2026/02/26/cpr01_notified_Q4_2025_Earnings_release_ENG%201.pdf?utm_source=openai)) - **Asia – Mediterranean & intra‑Med** - Capacity growth is particularly strong in the Mediterranean as carriers deploy new tonnage and rejig loops to balance Red Sea avoidance and Med transhipment opportunities. - Analysts flag **risk of localized over‑capacity in the Med in 2026**, with pressure on freight rates for east‑Med and west‑Med services unless geopolitical tensions escalate further. ([live.euronext.com](https://live.euronext.com/sites/default/files/company_press_releases/attachments/2026/02/26/cpr01_notified_Q4_2025_Earnings_release_ENG%201.pdf?utm_source=openai)) **Freight‑forwarder challenges in 2026** - **Margin compression & volatility management** - With structural capacity growth and softening average rates, forwarders face tighter buy/sell spreads: - More negotiation pressure from shippers expecting **year‑on‑year rate reductions** in 2026 contracts. - Yet persistent volatility (due to security‑driven rerouting, port disruption, and regulatory shocks) increases the value—but also the risk—of taking rate exposure. ([live.euronext.com](https://live.euronext.com/sites/default/files/company_press_releases/attachments/2026/02/26/cpr01_notified_Q4_2025_Earnings_release_ENG%201.pdf?utm_source=openai)) - **Network complexity and routing choices for agri‑bulk-in-containers** - For agri‑commodities moving in containers (specialty grains, oilseeds, ingredients), forwarders must increasingly balance: - Longer transit times and higher base costs on rerouted services (e.g., avoiding the Red Sea via the Cape), - Against **falling underlying slot prices** as new tonnage delivers, - While managing reliability for time‑sensitive food cargoes and food‑grade equipment availability. ([live.euronext.com](https://live.euronext.com/sites/default/files/company_press_releases/attachments/2026/02/26/cpr01_notified_Q4_2025_Earnings_release_ENG%201.pdf?utm_source=openai)) - **Regulation & data‑intensity** - Forwarders handling food and agricultural cargoes into the EU in 2026 must integrate: - EUDR‑driven data and documentation (geolocation, due‑diligence statements) into booking/visibility platforms (see Dimension 3). - CSRD/CSDDD‑linked ESG reporting for larger shipper clients, meaning **more granular shipment‑level data and chain‑of‑custody evidence**. ([arxiv.org](https://arxiv.org/abs/2311.15971?utm_source=openai)) **Timing signals for 2026 contracting** - Capacity growth profile (4.5% in 2026, 6.4% in 2027) implies that: - Shippers and importers in North Europe and the Med can **push for more favorable contract terms** (lower base rates, more flexible space commitments) in 2026 annual tenders. - However, for **geopolitically exposed corridors** (Black Sea adjacencies, Red Sea/Suez, Eastern Med), risk premiums and contingency surcharges may persist, so food and agri shippers should avoid over‑indexing on spot exposure there. ([live.euronext.com](https://live.euronext.com/sites/default/files/company_press_releases/attachments/2026/02/26/cpr01_notified_Q4_2025_Earnings_release_ENG%201.pdf?utm_source=openai)) **Section 2 sources:** ([live.euronext.com](https://live.euronext.com/sites/default/files/company_press_releases/attachments/2026/02/26/cpr01_notified_Q4_2025_Earnings_release_ENG%201.pdf?utm_source=openai)) === 3. DEMAND SIGNALS === EU Deforestation Regulation (EUDR) – impact on agricultural importers & supply‑chain due diligence in the Netherlands, 2026 **Scope and timing – updated to 2026** - The EU Regulation on deforestation‑free products (EUDR, Regulation (EU) 2023/1115) covers seven key commodities: **cattle, cocoa, coffee, oil palm, rubber, soy and timber**, plus extensive lists of derived products (e.g., beef, leather, chocolate, coffee products, palm oil, soymeal, furniture, paper). ([eur-lex.europa.eu](https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=legissum%3A4680738&utm_source=openai)) - Key cut‑off date: products must not be associated with deforestation or forest degradation occurring **after 31 December 2020** in the country of production. ([guidehouse.com](https://guidehouse.com/insights/communities-energy-infrastructure/2024/eu-deforestation-regulations?utm_source=openai)) - Following political pressure and a formal simplification review, the application timeline has been **pushed back by one year**: - Large and medium operators & traders: obligations now apply from **30 December 2026**. - Most small and micro operators: obligations start from **30 June 2027**. ([bakermckenzie.com](https://www.bakermckenzie.com/en/insight/publications/resources/product-risk-radar-articles/eu-deforestation-regulation?utm_source=openai)) **Core obligations for EU importers (including Dutch companies)** - Operators (the **first entity placing an in‑scope product on the EU market** or exporting it from the EU) must: 1. **Collect information**: including detailed product description, quantity, country of production, supplier, and **geolocation (latitude/longitude) of all plots of land** where the commodity was produced. ([guidehouse.com](https://guidehouse.com/insights/communities-energy-infrastructure/2024/eu-deforestation-regulations?utm_source=openai)) 2. **Conduct a risk assessment** to confirm that products are: - (i) deforestation‑free (no deforestation after 31 Dec 2020), and - (ii) produced in accordance with relevant legislation in the country of production (land‑use rights, environmental, labour, human rights, etc.). ([eur-lex.europa.eu](https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=legissum%3A4680738&utm_source=openai)) 3. **Mitigate any identified risk** to “no more than negligible.” 4. **Submit a due‑diligence statement** via the EU’s information system (TRACES) for every shipment and keep records for at least **5 years**. ([eur-lex.europa.eu](https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=legissum%3A4680738&utm_source=openai)) - The December 2025 / May 2026 simplification package introduced several important changes: - Due diligence is now **concentrated on the first operator** placing products on the EU market; downstream traders can rely on upstream due‑diligence statements but still retain some responsibility. ([arendt.com](https://www.arendt.com/news-insights/news/eudr-simplification-review-published-what-the-2026-package-means-for-in-scope-companies/?utm_source=openai)) - A simplified regime for **micro and small primary operators** reduces documentation intensity but does not fully exempt them. ([arendt.com](https://www.arendt.com/news-insights/news/eudr-simplification-review-published-what-the-2026-package-means-for-in-scope-companies/?utm_source=openai)) - Updated guidance clarifies alignment with **CS3D (Corporate Sustainability Due Diligence Directive)** and the Regulation on products made with forced labour, signalling that EUDR data and systems will support broader ESG and human‑rights compliance. ([bakermckenzie.com](https://www.bakermckenzie.com/en/insight/publications/resources/product-risk-radar-articles/eu-deforestation-regulation?utm_source=openai)) **Netherlands‑specific implementation details** - The Dutch government information portal **Business.gov.nl** and the Dutch Food and Consumer Product Safety Authority (NVWA) confirm that: - EUDR applies to **all importers and traders** that import, export or produce in‑scope products or raw materials for commercial purposes in the EU, including Dutch companies and foreign companies using the Netherlands as an entry hub. - From **30 December 2026**, in‑scope Dutch importers must submit a **due‑diligence statement in TRACES for each shipment**, which is checked by Dutch Customs (Douane) and NVWA. ([business.gov.nl](https://business.gov.nl/sustainable-business/environment/what-does-eudr-mean-for-you//?utm_source=openai)) - Dutch advisory firms (e.g., PwC Netherlands, Grant Thornton Netherlands) emphasize that Netherlands‑based operators should by 2026 have: - Full **supply‑chain mapping to farm/plot level**, - Integrated data systems linking procurement, logistics and compliance, - Contractual clauses with suppliers on geolocation data provision, deforestation‑free commitments, and audit rights. ([pwc.nl](https://www.pwc.nl/en/services/tax/managing-tax-and-energy-transition/eu-deforestation-regulation.html?utm_source=openai)) **Expected demand and trade‑flow impacts for agricultural commodities** (Quantitative ex‑ante impact studies are still limited; existing research is partial and commodity‑or country‑specific.) - **EU‑level deforestation impact:** - The regulation’s impact assessment estimated that, **without EUDR**, EU consumption and production of the seven commodities could cause nearly **250,000 ha of deforestation annually by 2030**; EUDR aims to cut this significantly. ([eur-lex.europa.eu](https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=legissum%3A4680738&utm_source=openai)) - **Trade impact examples (soy, beef, cocoa, coffee)**: - A 2025 study on Argentina projects that EUDR‑related restrictions and compliance costs could reduce that country’s exports of in‑scope commodities to the EU, with **soy and beef chains particularly exposed**, potentially diverting trade to non‑EU markets. ([arxiv.org](https://arxiv.org/abs/2508.11796?utm_source=openai)) - For cocoa, sector‑specific commentary in late 2025 warns that a 1‑year delay still leaves a “hard start” in December 2026 and may lead to **pre‑emptive consolidation** of supply chains by large EU buyers, squeezing smaller exporters who cannot meet traceability demands. ([reddit.com](https://www.reddit.com/r/SustainableCocoa/comments/1otrpfo?utm_source=openai)) - For coffee and palm oil, advisory papers highlight the risk that **smallholders and high‑risk jurisdictions** are partially excluded from EU value chains if they cannot supply reliable geolocation data and legality documentation, shifting EU demand towards larger, better‑capitalized suppliers and “low‑risk” countries. ([guidehouse.com](https://guidehouse.com/insights/communities-energy-infrastructure/2024/eu-deforestation-regulations?utm_source=openai)) **Specific demand signals for Dutch importers & traders (2026)** - **Short‑ to medium‑term (2026–27) demand effects:** - Dutch‑based importers of soybeans/soymeal, cocoa, coffee, palm oil, rubber and timber products are expected to **re‑orient sourcing portfolios** towards: - Countries and suppliers able to provide **full plot‑level geolocation** and deforestation‑free verification; - Jurisdictions likely to be classed as “low‑risk” under EUDR country benchmarking once published. ([eur-lex.europa.eu](https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=legissum%3A4680738&utm_source=openai)) - This may imply: - Reduced share of soy and beef‑related products from frontier deforestation regions in Latin America and parts of Southeast Asia; - Increased volumes from existing certified/zero‑deforestation programs (e.g., RTRS soy, RSPO palm, sustainably certified cocoa and coffee), especially where certification schemes can be integrated with EUDR data requirements. ([guidehouse.com](https://guidehouse.com/insights/communities-energy-infrastructure/2024/eu-deforestation-regulations?utm_source=openai)) - **Operational & cost impacts for Dutch companies:** - Advisory firms estimate that EUDR compliance can represent **substantial incremental costs** in IT systems, supplier engagement and verification (one legal analysis suggests potential penalties up to **4% of annual EU‑wide turnover** for serious non‑compliance, creating strong incentives for investment in compliance). ([lawcode.eu](https://www.lawcode.eu/en/blog/eu-deforestation-regulation-eudr/?utm_source=openai)) - However, the May 2026 simplification package and the shift of due‑diligence responsibility to the first importer are expected to **reduce compliance costs by up to ~75% for many downstream actors**, according to Commission and stakeholder commentary, while concentrating obligations on primary operators and large importers. ([arendt.com](https://www.arendt.com/news-insights/news/eudr-simplification-review-published-what-the-2026-package-means-for-in-scope-companies/?utm_source=openai)) - **Systemic interaction with other EU rules:** - The EUDR infrastructure (geolocation databases, risk‑assessment tools, supplier scoring) will also feed into **CS3D, CSRD, and the EU Forced Labour Regulation**, so Dutch importers who invest early in robust EUDR systems in 2024–26 will be better positioned to meet overlapping requirements from 2027 onwards. ([bakermckenzie.com](https://www.bakermckenzie.com/en/insight/publications/resources/product-risk-radar-articles/eu-deforestation-regulation?utm_source=openai)) **Section 3 sources:** ([pwc.nl](https://www.pwc.nl/en/services/tax/managing-tax-and-energy-transition/eu-deforestation-regulation.html?utm_source=openai)) Sources: • Solidarity Lanes: Latest figures – May 2025 - Mobility and Transport https://transport.ec.europa.eu/news-events/news/solidarity-lanes-latest-figures-may-2025-2025-06-24_en?utm_source=openai • Solidarity Lanes: Latest figures – May 2025 - Mobility and Transport https://transport.ec.europa.eu/news-events/news/solidarity-lanes-latest-figures-may-2025-2025-06-24_en?utm_source=openai • Solidarity Lanes: Latest figures – May 2025 - Mobility and Transport https://transport.ec.europa.eu/news-events/news/solidarity-lanes-latest-figures-may-2025-2025-06-24_en?utm_source=openai • European Parliament resolution of 17 December 2025 on phasing out Russian natural gas imports https://en.wikipedia.org/wiki/European_Parliament_resolution_of_17_December_2025_on_phasing_out_Russian_natural_gas_imports?utm_source=openai • Solidarity Lanes: Latest figures – May 2025 - Mobility and Transport https://transport.ec.europa.eu/news-events/news/solidarity-lanes-latest-figures-may-2025-2025-06-24_en?utm_source=openai • Solidarity Lanes: Latest figures – May 2025 - Mobility and Transport https://transport.ec.europa.eu/news-events/news/solidarity-lanes-latest-figures-may-2025-2025-06-24_en?utm_source=openai • Russian theft of Ukrainian grain https://en.wikipedia.org/wiki/Russian_theft_of_Ukrainian_grain?utm_source=openai • Solidarity Lanes: Latest figures – May 2025 - Mobility and Transport https://transport.ec.europa.eu/news-events/news/solidarity-lanes-latest-figures-may-2025-2025-06-24_en?utm_source=openai • Changes in the EU Deforestation Regulation 2026: food for thought | Grant Thornton https://www.grantthornton.nl/en/insights-en/tax/changes-in-the-eu-deforestation-regulation-2026-food-for-thought/?utm_source=openai • Solidarity Lanes: Latest figures – May 2025 - Mobility and Transport https://transport.ec.europa.eu/news-events/news/solidarity-lanes-latest-figures-may-2025-2025-06-24_en?utm_source=openai • PRESS RELEASE https://live.euronext.com/sites/default/files/company_press_releases/attachments/2026/02/26/cpr01_notified_Q4_2025_Earnings_release_ENG%201.pdf?utm_source=openai • PRESS RELEASE https://live.euronext.com/sites/default/files/company_press_releases/attachments/2026/02/26/cpr01_notified_Q4_2025_Earnings_release_ENG%201.pdf?utm_source=openai • PRESS RELEASE https://live.euronext.com/sites/default/files/company_press_releases/attachments/2026/02/26/cpr01_notified_Q4_2025_Earnings_release_ENG%201.pdf?utm_source=openai • PRESS RELEASE https://live.euronext.com/sites/default/files/company_press_releases/attachments/2026/02/26/cpr01_notified_Q4_2025_Earnings_release_ENG%201.pdf?utm_source=openai • PRESS RELEASE https://live.euronext.com/sites/default/files/company_press_releases/attachments/2026/02/26/cpr01_notified_Q4_2025_Earnings_release_ENG%201.pdf?utm_source=openai • PRESS RELEASE https://live.euronext.com/sites/default/files/company_press_releases/attachments/2026/02/26/cpr01_notified_Q4_2025_Earnings_release_ENG%201.pdf?utm_source=openai • Supply Chain Due Diligence Risk Assessment for the EU: A Network Approach to estimate expected effectiveness of the planned EU directive https://arxiv.org/abs/2311.15971?utm_source=openai • PRESS RELEASE https://live.euronext.com/sites/default/files/company_press_releases/attachments/2026/02/26/cpr01_notified_Q4_2025_Earnings_release_ENG%201.pdf?utm_source=openai • PRESS RELEASE https://live.euronext.com/sites/default/files/company_press_releases/attachments/2026/02/26/cpr01_notified_Q4_2025_Earnings_release_ENG%201.pdf?utm_source=openai • Fighting deforestation and forest degradation | EUR-Lex https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=legissum%3A4680738&utm_source=openai • Tackling Deforestation and Forest Degradation in Agricultural Supply Chains | Guidehouse https://guidehouse.com/insights/communities-energy-infrastructure/2024/eu-deforestation-regulations?utm_source=openai